Create a foundation of trust and respect between your business and third parties. A letter of credit from United Texas Bank gives third parties the assurance they need and only enhances your standing in large-scale or international business relations.

Details
  • Provides guarantee on payments of large purchases to third parties
  • Can replace need for costly insurance company performance bond
  • Can also be used to guarantee a service
  • Typically issued for 1-year term or less
  • Terms are easily renewed
  • Fee is based on face value amount
  • Interest accrues only if UTB must make payment to beneficiary on your behalf